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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (133503)	10/24/2001 8:19:15 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>Actually, it is invested in my business. Well, If you had invested in me you'd really be broke by now. If it gets worse can I come and stay with Laura and you (preferably in the summer)?

To: Glenn D. Rudolph who wrote (133503)	10/24/2001 8:45:23 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

According to the conference call, Amazon lowered prices for books this quarter! (Bezos: We made a very significant price reduction in books by lowering the prices by 30% on books priced over $20.) Now why would Amazon lower books in the middle of a drive to achieve profitability? Only one reason: nobody was buying. Even so there was a dramatic fall in book orders. More importantly gross profit for Q4 will be, according to management projections, no higher than this quarter and possibly as much as 5% lower. In other words, Amazon buys 50% more merchandise during Xmas, yet the cost to them is still the same?!?!?! Either their purchasers are incompetent or Amazon plans on further reducing prices during Xmas, further damaging the bottom line. Customer contacts are down 25% (they removed their phone number from their web page --I kid you not-- and suprise surprise, less customers contact them).